The bond market, the stock market, banks, pension funds, and insurance companies are all financial
a. systems.
b. markets.
c. institutions.
d. intermediaries.
c
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A temporary increase in the price of oil would
A) increase both short-run and long-run aggregate supply. B) decrease both short-run and long-run aggregate supply. C) increase short-run aggregate supply and decrease long-run aggregate supply. D) decrease short-run aggregate supply and leave long-run aggregate supply unchanged.
In the financial futures quotations, the total number of long positions outstanding is called
A) settlements. B) market activity. C) open interest. D) arbitrage.
The money creation process generated by an injection of reserves stops when
a. people deposit their loans into other banks. b. reserve requirements are raised. c. the increase in required reserves equals the size of the injection. d. bankers begin to fear runs and stop making loans.
Other things equal, which of the following might shift the demand curve for gasoline to the left?
A. The discovery of vast new oil reserves in Montana. B. The development of a low-cost electric automobile. C. An increase in the price of train and air transportation. D. A large decline in the price of automobiles.